Mortgages are a common real estate means for individuals to finance the purchase of their home. Mortgages can be issued to those who buy new homes or for those individuals who already own homes yet wish to obtain a different mortgage known as a remortgage....

• Lloyds TSB offers mortgage with 5% deposit • Yorkshire Building Society launches rolling one-year fix Two innovative mortgage deals were launched this week – one aimed at homeowners with only a small amount of equity in their property, and the other targeting those entering the final years of their ...

It’s Friday, and it’s a scorcher! What better time to sit indoors with the AC and the weekly miscellany? I wasn’t following the Mehserle case until last night, when I heard about the involuntary manslaughter verdict. Frankly, I’m surprised that he was found guilty of involuntary manslaughter. There’s ...

Your Daily Grayson by digby Following up on my post from this morning, here's a Youtube of the man from Orlando asking the head of HUD why it is that people shouldn't default on their mortgages: Update: Howie has a good post up on this subject focusing on the right wing meme that Barney Frank ...

mcmansion_ef65b.JPG Another dispatch from the front lines of the class war informs us that the rich are more ruthless than the rest of us. And in other news, dog bites man: LOS ALTOS, Calif. — No need for tears, but the well-off are losing their master suites and saying goodbye to their wine cellars. ...

From NYTimes: The housing bust that began among the working class in remote subdivisions and quickly progressed to the suburban middle class is striking the upper class in privileged enclaves like this one in Silicon Valley. Whether it is their residence, a second home or a house bought as an investment, ...

Barry recently referenced a fascinating David Streitfeld in the NY Times. He beat me to the punch on it, but didn’t cover some aspects that I thought were noteworthy. Here’s the money shot: “Whether it is their residence, a second home or a house bought as an investment, the rich have stopped paying ...

Strategic Default For Me But Not For Thee by digby There's a been a rumbling from above for some time now that people who walk away from their homes when the economics no longer makes sense are behaving very badly . This is known as "strategic default" which simply says that homeowner looks at the numbers ...

There's been plenty of politically partisan debate about who or what ultimately caused the real estate crash that triggered the recent US financial crisis. One popular view blames "the Democrats and their efforts to expand homeownership to people who, in some cases, may not have been quite ready for ...

Sarah Linn was practically at the end of her tether. She'd been to see "Sex and the City 2." She went to "Jonah Hex." She even saw "Marmaduke," which made her wonder how many actors were hard up for their mortgages. So, last weekend, the entertainment writer headlined an entry in her blog, ...